Whatever Happened to Kissimmee Mortgage Rate Anxiety?

     When you are planning to sell your Kissimmee home, the latest interest rate gyrations can become a
worrisome element in your planning. Last week’s news should provide a measure of anxiety relief.
     Back a year or two ago, when almost all the credible financial voices were united in predicting that
Kissimmee’s historically low mortgage interest rates would soon be moving back up into more familiar
territory, the effect was to prod buyers to get busy. Kissimmee sellers took note, as well.
     Everybody knew that the imminent rate rises could make all the difference between a doable
monthly mortgage payment and a budget-breaker. Frequently cited were examples like the one pointing
out the difference that a single point could make on a typical $350,000 mortgage payment: more than
$200 a month. There was extra pressure on some home loan applicants whose incomes were deemed
sufficient at the original rate: they might be declined if rates rose.
     As is now amply evident, those interest rate worries turned out to have been surprisingly wide of the
mark—or at least severely premature. Last week’s news provided a renewed reason for Kissimmee home
buyers and sellers to put aside their mortgage rate anxieties for the moment. On Wednesday, the Federal
Reserve reinforced their decision to hold the benchmark interest rate steady at the previously stated target
range of 2.25% to 2.5%—which translates into a continuation of today’s temptingly low Kissimmee
mortgage rates.
     For Kissimmee mortgage rate watchers who remember that the March announcement included
worries about a slowing economy, Wednesday’s pronouncement that economic activity “rose at a solid
rate” is another indication that even the Fed’s governors have been surprised at the strength of the
economy. For Kissimmee buyers and sellers, that’s exactly the kind of backdrop that encourages home
buying.
     This spring continues to deliver a letter-perfect backdrop for anyone primed to launch their own
Kissimmee real estate initiative—both sellers and buyers. That makes it prime time to give me a call!

Prepared by James Williams, Realtor; Office Manager; and Top Producer at REMAX Premier Properties. He focuses on helping sellers and buyers in the Central Florida Market www.HomesInMyOrlando.com James has served as a Board Director at the Osceola Association of Realtors ‘15 - ‘18, and as a State Leader for Florida CRS - Certified Residential Specialist ‘15 - ‘18. Contact him at 321-402-6261 or jaw3remax@gmail.com

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